The price of The DXY was back en-route for a test of the neckline located around 96.60/70, a break of which would likely further pressure gold prices. Gold took on the 23.6% Fibo down at 1302, with the price extending below the trendline support est. on 14th Feb in late Jan’s commencing uptrend. Bears are well placed below the rising channel’s support at 1320 for a run to the 38.2% Fibo located at 1275, with the confluence of the late Jan support zone. While shorter-term indicators are oversold, the daily RSI, MACD and, to some extent, stochastics lean bearish and allow for some potential room to test the mentioned Fibo support level – albeit, depending on price action in the DXY breaking the H&S neckline. Gold daily chart DXY 60 min chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Irish PM says Brexit delay is very likely – The Independent FX Street 4 years The price of The DXY was back en-route for a test of the neckline located around 96.60/70, a break of which would likely further pressure gold prices. Gold took on the 23.6% Fibo down at 1302, with the price extending below the trendline support est. on 14th Feb in late Jan's commencing uptrend. Bears are well placed below the rising channel's support at 1320 for a run to the 38.2% Fibo located at 1275, with the confluence of the late Jan support zone. While shorter-term indicators are oversold, the daily RSI, MACD and, to some extent, stochastics lean bearish and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
